D.C. Council approves bill limiting health insurance rate increases

The Washington, D.C.. council unanimously passed a bill imposing new limits on health insurance premium hikes for CareFirst BlueCross BlueShield, D.C.’s largest health insurer, as well as other health plans.  Read Story

NSM adds another specialty coverage to its program line-up

NSM Insurance Group continues to expand and announced its acquisition of a program specializing in non-construction ocean and inland marine coverage.  Read Story

‘Best days’ for long-term care insurance sector lie ahead

At least one long-term care insurance executive said that despite recent concerns about the product, the industry is thriving.  Read Story

Congressional Republicans are touting plans to repeal the Obama Administration’s health care reform law, but face wariness for a full rollback from a key constituency: the business lobby.

Senate votes to delay 23% Medicare pay cuts to doctors, seeks new fix

The U.S. Senate delayed for 30 days a proposed 23% cut in Medicare reimbursement payments to doctors that was scheduled to go into effect Dec. 1. The House is expected to vote on and pass the legislation by Nov. 30.  Read Story

Congressional Republicans and Democrats are both playing a game with the future of many Americans as they toss about different scenarios for extending the current tax structure, the so-called Bush-era tax cuts.  Read Story

Ax Life expanding into the Midwest

Ax Life Insurance plans to establish locations in the Midwest in the next six to eight months to answer the demand for life insurance.  Read Story

Agent loses Md. license, then Pa. license over credit score switches

An Elkton, Md., man was stripped of his Pennsylvania insurance agent’s license for switching credit scores and not reporting that his Maryland license was revoked in November 2009.  Read Story

Survey: Health agents spend more time on client issues than sales

More than 50% of health insurance agents and brokers spend at least half their time providing services to clients that are outside of the sales process, according to a new survey.  Read Story

AIA says NCOIL model act drafts raise First Amendment, other issues

A trade group representing property-casualty insurers is asking the National Conference of Insurance Legislators (NCOIL) to alter three proposals for model acts.  Read Story